Superior Intelligence?

One of the crazy notions that is currently held  by defenders of capitalism is that the owning class are wealthy because of their superior intelligence. So how do they explain a hyper-wealthy billionaire venture capitalist who has  compared the treatment of super-rich Americans to the Holocaust? Thomas Perkins, who is thought to be worth around $8bn, made the startling comparison in a letter to The Wall Street Journal in which he wrote of 'parallels' between the treatment of Jews in Nazi Germany and what he describes as the "progressive war on the American one per cent". 'The letter, which was published by the WSJ earlier this week, begins: "Writing from the epicentre of progressive thought, San Francisco, I would call attention to the parallels of fascist Nazi Germany to its war on its "one per cent," namely its Jews, to the progressive war on the American one per cent, namely the "rich."' (Independent, 26 January) "Superior intelligence"? More like total dumb ass!